Forex Daily Forecast, Analysis and Prediction

The Australian dollar has rallied again during the trading session on Wednesday, testing the 0.70 level.

The past day of trading for the USD/MXN has produced a fairly solid range of 22.6400 to 22.8700 for the currency pair.

The USD/NOK has produced a solid selling trend the past week.

The USD/PRK has actually found a slightly bearish trend develop the past couple of days.

The USD/SGD has seen a burst of selling emerge the past day and short term momentum is making current support levels appear vulnerable.

Brazilian President Jair Bolsonaro tested positive for the Covid-19 virus on Tuesday but confirmed that he is in good health.

India began to ease lockdown restrictions related to the Covid-19 pandemic on June 8th and witnessed a surge in new infections since then.

The silver markets have broken above a major resistance barrier during the trading session on Wednesday, leaving the $19 level behind.

During last week's trading, the GBP/USD pair increased by 1.1%, with gains pushing it to the 1.2529 resistance

For the second consecutive day, the USD/CAD is trying to achieve an upward correction after sharp losses that recently pushed it to the 1.3519 support

The Argentinian economy is expected to decline by a significant amount during 2020.

After touching support near the 22.1500 level only two days ago, the USD/MXN has developed a reversal higher.

After testing important support levels earlier this week the USD/INR has reversed higher with incremental buying.

The Indonesian Rupiah has maintained a tight range the past day after testing important resistance.

The Australian dollar has gone back and forth during the trading session on Tuesday as we continue to see the 0.70 level cause massive amounts of resistance.